LMND - 3 Things You Must Know About Lemonade Before You Buy the Stock
2024-05-13 07:25:00 ET
Lemonade (NYSE: LMND) has done a poor job of quenching the thirst of its investors. Shares of this innovative insurance business currently trade 91% below their all-time high, a milestone reached in January 2021.
Since the start of 2023, shares have climbed 23% (as of May 9). But that gain is much worse than the 36% rise of the S&P 500 and the 56% gain of the Nasdaq Composite Index .
Before you look at adding this fintech stock to your portfolio, which sells at a beaten-down price-to-sales ratio of 2.6, here are three things you need to know. You'll then be able to make a more informed decision.
For further details see:
3 Things You Must Know About Lemonade Before You Buy the Stock